Groundnut Oil Market Size & Share, By Type (Refined, Unrefined), Product (Cold Pressed, Hot Pressed), Application, Distribution Channel - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Groundnut Oil Market size is forecast to grow from USD 10.85 billion to USD 16.69 billion between 2025 and 2034, marking a CAGR of more than 4.4%. The expected industry revenue in 2025 is USD 11.29 billion.

• Base Year Value (2024): USD 10.85 billion
• CAGR (2025-2034): 4.4%
• Forecast Year Value (2034): USD 16.69 billion
• Historical Data Period: 2021-2034
• Largest Region: North America
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities

The groundnut oil market is experiencing notable growth driven by several key factors. One of the primary drivers is the increasing consumer awareness regarding the health benefits associated with groundnut oil. Rich in monounsaturated fats and vitamin E, this oil is perceived as a healthier alternative to many traditional cooking oils, making it popular among health-conscious consumers. Additionally, the rise of the organic food movement has resulted in a growing demand for organic groundnut oil, which is often marketed for its purity and natural attributes. This trend presents a significant opportunity for producers to cater to niche markets and broaden their product offerings.

Another contributing factor to the market's growth is the expanding culinary preferences and diverse applications of groundnut oil across various cuisines. From frying to salad dressings, its versatile nature has helped groundnut oil gain prominence in both domestic and commercial kitchens. Furthermore, the increasing popularity of plant-based diets and the trend toward vegetarianism and veganism have enhanced the demand for plant-derived oils like groundnut oil, presenting opportunities for market expansion.

The growing usage of groundnut oil in the cosmetic and personal care industries also presents vast opportunities. With the rise of natural and eco-friendly products, many cosmetic companies are incorporating groundnut oil into their formulations for its moisturizing and antioxidant properties. This trend not only diversifies the market but also introduces groundnut oil to new consumer segments who may not typically purchase it for cooking.

Report Scope

Report Coverage	Details
Segments Covered	Type, Product, Application, Distribution Channel
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Georgia-Pacific Chemicals LLC, De Hekserij, PAG KIMYA SAN. TIC. LTD. STI., GrantChem,, Eurovanille, LLC, Fujian Qina Trading Co.., G.C. RUTTEMAN & Co. B.V., Matole, Gemini Edibles & Fats India

Industry Restraints:

Despite the promising growth prospects, the groundnut oil market faces several constraints that could hinder its expansion. One significant challenge is the fluctuation in agricultural output due to weather conditions and pest infestations, which can impact the availability of raw materials. Inconsistent supply can lead to price volatility, making it difficult for manufacturers to maintain stable pricing and profit margins.

Additionally, there is growing competition from alternative edible oils that are often perceived as more sustainable or healthier. Oils such as olive, canola, and avocado oils are gaining traction in the market, which poses a threat to the demand for groundnut oil. Consumer preferences are continually evolving, and if groundnut oil cannot differentiate itself in terms of benefits and usability, its market share may decline.

Regulatory challenges also play a significant role in constraining the market. Different countries have varying food safety regulations and quality standards that manufacturers must comply with. Navigating this regulatory landscape can be complex and resource-intensive, especially for smaller producers trying to enter the market.

Moreover, a lack of awareness in some regions about the benefits and uses of groundnut oil can limit its market potential. As a traditional oil in some cultures, breaking into new markets will require significant marketing efforts to educate consumers about its advantages over other oils. These

Report Scope

Report Coverage	Details
Segments Covered	Type, Product, Application, Distribution Channel
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Georgia-Pacific Chemicals LLC, De Hekserij, PAG KIMYA SAN. TIC. LTD. STI., GrantChem,, Eurovanille, LLC, Fujian Qina Trading Co.., G.C. RUTTEMAN & Co. B.V., Matole, Gemini Edibles & Fats India

Industry Restraints: necessitate strategic planning and innovative approaches from stakeholders to ensure sustained growth in the groundnut oil market.

Regional Forecast:

North America

The Groundnut Oil Market in North America, particularly in the United States and Canada, exhibits a mature landscape characterized by stability in demand. The U.S. is the leading player in this region, with a significant focus on health-conscious consumers driving the trend towards natural and organic oils. The popularity of plant-based diets and an increasing awareness of the health benefits associated with groundnut oil, such as unsaturated fats and vitamin E, has catalyzed market growth. Canada, while smaller in comparison, shows promise in its niche markets for gourmet and specialty oils, indicating potential for growth driven by premium products.

Asia Pacific

The Asia Pacific region, dominated by countries such as China, Japan, and South Korea, is witnessing substantial expansion in the Groundnut Oil Market. China stands out as the largest consumer, driven by a growing population and a shift in dietary preferences towards healthier cooking oils. The rising middle class in urban areas is propelling demand, as groundnut oil is favored in culinary practices for its flavor and health benefits. Japan and South Korea exhibit a similar trend, where consumers are increasingly inclined to explore diverse cooking oils. Innovations and marketing of groundnut oil as a versatile ingredient in both traditional and modern cuisine further enhance growth prospects in these markets.

Europe

Europe's Groundnut Oil Market is characterized by a growing trend towards healthy cooking oils, particularly in countries such as the UK, Germany, and France. The UK leads in terms of market size, fueled by the rising consumer preference for plant-based products and organic alternatives. Germany is witnessing increased adoption of groundnut oil in both households and food service sectors, thanks to its culinary versatility. In France, the gourmet food culture creates a niche market for high-quality groundnut oil, allowing for premium positioning and growth opportunities. The overall trend in Europe leans towards sustainability and health, driving demand for groundnut oil as part of more health-conscious consumer behavior.

Segmentation Analysis:

In terms of segmentation, the global Groundnut Oil market is analyzed on the basis of Type, Product, Application, Distribution Channel.

Type

The Groundnut Oil Market can be segmented based on type into refined and unrefined oil. Refined groundnut oil is expected to dominate the market due to its longer shelf life and broader applications in cooking and food processing. The refined variety is favored by consumers for its neutral flavor and high smoke point, making it ideal for frying and sautéing. On the other hand, unrefined groundnut oil, often perceived as healthier due to its minimal processing, is gaining traction among health-conscious consumers. As trends shift towards natural and organic products, the unrefined segment is likely to witness significant growth as it appeals to niche markets focused on artisanal and organic goods.

Product

In terms of product types, groundnut oil is available in various forms, including conventional and organic oil. The conventional groundnut oil segment currently leads the market, primarily driven by its affordability and widespread availability. However, the organic groundnut oil segment is poised for rapid expansion as consumers increasingly seek out products aligned with sustainable and health-oriented trends. The organic segment tends to attract premium pricing and demonstrates higher growth potential due to the rising consumer awareness surrounding the benefits of organic foods, which enhances its attractiveness among retailers seeking to cater to health-conscious markets.

Application

The application segment of the Groundnut Oil Market can be categorized into culinary, cosmetics, and industrial uses. The culinary application holds the largest market share, as groundnut oil is a staple in kitchens across various regions for frying, baking, and dressings. Its versatility drives sustained demand from both home cooks and professional chefs. In the cosmetics sector, groundnut oil is experiencing increased adoption due to its moisturizing properties and suitability for skin and hair care products. This sector is expected to grow rapidly as natural and cosmetic products gain popularity. Industrial applications, though smaller, are also noteworthy for lubricants and biodiesel production, indicating a diversified demand across various sectors.

Distribution Channel

The distribution channels for groundnut oil are typically divided into supermarkets and hypermarkets, specialty stores, online retail, and direct sales. Supermarkets and hypermarkets lead the channel segment due to their extensive reach and convenience for consumers. However, the online retail segment is emerging as a significant growth area as e-commerce becomes a preferred shopping method, particularly post-pandemic. This shift is increasing accessibility to diverse groundnut oil products, including specialty and organic options that may not be available in local stores. Specialty stores, particularly those focusing on organic and health products, are also expected to see growth as they appeal to niche consumers seeking higher quality and unique offerings in groundnut oil.

Competitive Landscape:

The competitive landscape in the Groundnut Oil Market is characterized by a mix of large multinational corporations and local players that dominate various regional markets. The growing health consciousness among consumers has spurred demand for high-quality and organic groundnut oil, pushing companies to innovate and enhance their product offerings. Key factors influencing competition include pricing strategies, distribution channels, branding, and marketing efforts. Additionally, the rise of e-commerce platforms has enabled players to reach broader audiences, thus intensifying competition. Manufacturers are also focusing on sustainable sourcing and production practices to appeal to environmentally conscious consumers. This dynamic landscape requires companies to continuously adapt to shifting consumer preferences and regulatory standards to maintain their market positions.

Top Market Players

1. Adani Wilmar Limited

2. Cargill Incorporated

3. Ruchi Soya Industries Limited

4. Olam International

5. AAK AB

6. Bunge Limited

7. Archer Daniels Midland Company

8. Mondelēz International

9. Gokul Refoils and Solvent Limited

10. Savola Group